$AVAX Six dollars is on the brink of collapse, a 9.19% plunge in 24 hours is not retail panic, but a systemic withdrawal of funds from risk assets following the Fed's hawkish May minutes. I pulled the data, and the 90-day correlation between BTC and the Nasdaq has soared to 0.78, while AVAX's negative correlation with crude oil has reached -0.43 — the market is betting on a recession, oil prices are falling, tech stocks are crashing, and altcoins are the first to be sacrificed. If the non-farm payrolls report exceeds expectations, a June rate cut is basically a certainty, and the 24-hour low of 6.0420 could be broken at any time. My plan: at the current price of 6.0550, take a light short position to test the waters, with a stop-loss set at 6.15, and a target of 5.85, keeping the position within 3%. This round of liquidity harvesting isn't over yet, don’t just look at the charts, paying attention to CME's S&P futures is more effective than candlestick charts.

AVAX-8.39%
BTC-1.72%
SPX-7.94%
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Saidur48
· 2h ago
2026 GOGOGO 👊
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